Persons in photograph from left to right
Bangkok – Mr. Naris Cheyklin Chief Executive Officer of Singha Estate Public Co., Ltd. received an award from Mr. Pakorn Malakul Na Ayudhya, the Stock Exchange of Thailand’s sustainability adviser after Singha Estate Public Co., Ltd. was named one of the companies on the Thailand Sustainability Investment (THSI) list for 2019. Amongst listed companies with asset value between 10 – 30 billion baht in the property and construction industry, Singha Estate was recognized at the SET Awards 2019 as one of the most sustainable investments in the country.
This is the first time that Singha Estate has joined in answering the sustainability questionnaire of the Stock Exchange of Thailand and was immediately recognized as one of the companies on the THSI list. Singha Estate is determined to operate its business sustainably by being conscious of all stakeholders and adhering to the concept of “Harmonious Co-Existence” between business, community, and environment. The Company also created a Body of Knowledge to operate its business to promote learning about natural resources and climate change through its #SeaYouTomorrow campaign. Singha Estate has also planned to organize activities to promote learning amongst youth through various projects in 2020. The Company is determined to achieve SD-in-Process to ensure that impact and responsibility of business processes are appropriately managed. Singha Estate has set the goal of becoming a member of the Dow Jones Sustainability Indices (DJSI) in the future.
The THSI list has been published by the Stock Exchange of Thailand since 2015. The criteria is for registered companies to answer a questionnaire on sustainability which includes economics (corporate governance), society, and the environment. The focus is on working towards sustainability which may include setting policies, setting goals, implementation of policies, performance measurement, and information disclosure by the company. All companies on the THSI list scored at least 50% in all dimensions and met the criteria set by the Stock Exchange of Thailand including evaluation of Corporate Governance Report (CGR), net profit and shareholder equity, compliance in relevance to a registered company’s characteristics, and reducing impact on the environment, society, and corporate governance, etc.